Iron cash coins (traditional Chinese: 鐡錢; simplified Chinese: 铁钱; pinyin: tiě qián; Vietnamese: Thiết tiền; Japanese: 鉄銭（てっせん）; Rōmaji: Tessen) are a type of Chinese cash coin that were produced at various times during the monetary history of imperial China as well as in Japan and Vietnam. Iron cash coins were often produced in regions where the supply of copper was insufficient, or as a method of paying for high military expenditures at times of war, as well as for exports at times of trade deficits. While the earlier recorded iron cash coins in Chinese history were Wu Zhu's (五銖, 118 BC–618 AD), the unearthing or iron Ban Liang (半兩) cash coins produced during the Western Han dynasty during the 1950s indicates that they may have been much older than first thought. The largest number of iron cash coins would be produced during the Song dynasty period as a result of a scarcity of copper and high military expenditures, among other reasons. The last government attempt at issuing iron cash coins occurred during the 1850s the under the reign of the Manchu Qing dynasty. Iron cash coins were not exclusively produced by the Chinese, as other cash coin producing countries would also issue them under similar circumstances or by private mints. In Japan iron Kan'ei Tsūhō (寛永通寳) cash coins were produced by the Kamedo mint in the 1760s.
Overview Over the course of Chinese history a number of monarchs had tried to introduce iron cash coins to the market, but as their subjects never took to them, most of these attempts to issue them were rather short-lived. Sometimes bronze coins that were cast had a certain amount of iron in them, but in these cases the iron was not mixed into the copper-alloy itself, as it was just not removed during the production process, for example with some Warring States period round hole coins with the inscription "Yuan" (垣) which was made of about 30% iron. The mechanical strength of the cast coinages was thus reduced, but in the case of coins this was not as important as with tools as they did not serve any practical means other than their commodity value. Iron cash coins were produced during the Han dynasty, Three Kingdoms period, Northern and Southern dynasties period, Five dynasties and Ten kingdoms period, Song dynasty, Jin dynasty (1115–1234), Western Xia dynasty, Ming dynasty, and Qing dynasty, but not during the Zhou dynasty, Jin dynasty (266–420), Sui dynasty, Tang dynasty, Liao dynasty, and Yuan dynasty periods.
Ban Liang cash coins
Western Han dynasty It is possible that China first began using iron cash coins during the Western Han dynasty, this was concluded after a number of iron Ban Liang (半兩) cash coins were unearthed in Western Han era tombs in the Hunanese cities of Hengyang and Changsha between the years 1955 and 1959. Other specimens of iron Ban Liang cash coins were also unearthed in the province of Sichuan.
Wu Zhu cash coins
Chengjia The Iron Wu Zhu's of Chengjia, which resemble the Western Han dynasty Wu Zhu coin, is attributed to Gongsun Shu, who rebelled in Sichuan in AD 25, and issued iron coins, two being equal to one Jian Wu Wu Zhu (Chinese: 建武五銖; pinyin: jiàn wǔ wǔ zhū). Head of the zhu component rounded. Typical of Eastern Han Wu Zhu's. In AD 30, a ditty was sung by the youths of Sichuan: "The yellow bull! the white belly! Let Wu Zhu cash coins return". This ridiculed the tokens of Wang Mang and the iron coins of Gongsun Shu, which were withdrawn by the Eastern Han Emperor Guangwu in the 16th year of Jian Wu (AD 40). The Emperor was advised that the foundation of the wealth of a country depends on a good political economy, which was found in the good old Wu Zhu coinage, and so reissued the Wu Zhu cash coins.
Liang dynasty From the year 523 onwards the government of the Liang dynasty decided to cast iron Wu Zhu cash coins due to the fact that iron was both relatively easy and not expensive to acquire in what is today Sichuan. The iron cash coins issued by the Liang dynasty are quite distinctive from other iron cash coins as they have four lines that radiate outwards from each corner of the square center hole which is why they are referred to as "four corner coins" (四出錢, sì chū qián). As it became quite common for the people to cast iron cash coins privately based on these government issues it was not long before their quantities increased so drastically that it required cartloads of these iron Wu Zhu cash coins to pay for anything, even to this day these Wu Zhu's are quite common due to the widespread private production that plagued these iron issues. After them the Taiqing Fengle (太清豐樂, "Tai Qing Prosperous and Happy") cash coin was cast under the reign of Emperor Wu, these cash coins were actually believed to be Chinese numismatic charms until recently and were named after the Taiqing period (547-549).
The Five Dynasties and Ten Kingdoms
Kingdom of Min Issued by Wang Shenzhi:
Kaiyuan Tongbao (Chinese: 開元通寶; pinyin: kāiyuán tōng bǎo) have a large dot above on the reverse side. They are made of iron and date from 922. The same coin cast in bronze is extremely rare. Issued by Wang Yanxi:
Yonglong Tongbao (Chinese: 永隆通寶; pinyin: yǒnglóng tōng bǎo) have the character Min (Chinese: 閩; pinyin: mǐn) on the reverse and comes from the Fujian region. There is a crescent below. It is made of iron and dates from 942. One of these large Yong Long coins was worth 10 small coins and 100 lead coins. A string of 500 of these poorly made Min iron coins were popularly called a kao (lit. 'a manacle'). Issued by Wang Yanzheng:
Tiande Tongbao (Chinese: 天德通寶; pinyin: tiān dé tōng bǎo) are made of iron. When Wang Yanzheng was proclaimed Emperor, he changed the name of the kingdom to Yin, but later restored the name of Min. One of these iron coins, which were cast in 944, was worth 100 ordinary cash.
Kingdom of Chu Supreme Commander Ma Yin:
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